New Launch28 Feb 2026, 08:11 pm
Persistent Systems Ltd Establishes Wholly Owned Foreign Enterprise in China
AI Summary
Persistent Systems Pte. Ltd., Singapore, a wholly owned subsidiary of Persistent Systems Ltd, has established a Wholly Owned Foreign Enterprise (WFOE) in China. The new entity, Baixinteng System Service (Shanghai) Co. Ltd., also known as Persistent Systems (Shanghai) Co. Ltd., received its Business License from the Shanghai Administration for Market Regulation (SAMR) on February 28, 2026.
Key Highlights
- Persistent Systems Pte. Ltd., Singapore, a wholly owned subsidiary of Persistent Systems Ltd, has established a Wholly Owned Foreign Enterprise (WFOE) in China.
- The new entity is named Baixinteng System Service (Shanghai) Co. Ltd., also known as Persistent Systems (Shanghai) Co. Ltd.
- The company has received the Business License from the Shanghai Administration for Market Regulation (SAMR) in China.
- This expansion is in line with the company's strategic growth plans.